1. Last quarterly had costs of setting up Freemont Fab that are one offs and as such costs in coming quarters will be lower. 2. R& D grant last year was $4m USD ( Sept / Oct ) and this years will be "well in excess" of that amount. James is comfortable BLG is "Well funded to Execute plan" 3.The burn will fall from a combination of lower costs, Freemont online ( leading to 45% margins in the future), more customer sales, R&D funds as well as Federal and NSW government initiatives ( no mention of Chip money in USA). 4. Customer base will be "sticky" for 3 reasons: 1. Qualification is expense 2. The competition is not as accommodating to needs 3. ( sorry cant remember the 3rd!!) 5. Customer/ potential customers range from top tier who will require "millions of parts per year" to customer who only require 200-300 per year. 6. Munich Conference in June, can expect further products announced as well as improvements to existing products. 7. Freemont on line with $170m USD per year capacity. Silverwater Facility to add to that capacity.
Please feel free to add what I have forgetten. Should have been taking notes. The interview will be posted soon.
BLG Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)